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Code · Arizona · Title 5 — Amusements and Sports

5-1470. Payment of bonds

48 words·~1 min read·/az/title-5/5-1470

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. The bonds shall be paid solely from monies in the debt service account.
B. The members of the board and any persons who execute the bonds are not personally liable for the payment of the bonds.
C. The authority's fiscal agent shall cancel all bonds when paid.
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